Format decisions have nothing to do with stock performance; essentially every radio based company has lost stock value since the 2008 recession.I have not followed the company closely over the years, but they have a long history of losses and/or market under performance and were de-listed from NASDAQ in 2020. I am unaware of any significant positive developments since that time. They are a shell of a company they once were.
Emmis was never afraid to do format variations and take chances; they were also very research driven and based all their moves on audience feedback. My reminder to you (and one that I seem to have to mention often) is that the best marketing company ever, Proctor & Gamble, spends huge amounts on new product research yet half of their products don't make it into their third year. Being a leader does require taking more chances, but when you win you win large.
Absolutely wrong. Jeff Smulyan decided at some point after the recession that he wanted to wrap things up and move Emmis out of radio. He is now working on a plan to privatize the company and pay off the remaining shareholders.While there may have been good parts to the company (you radio insiders would know much more than I in this area), overall, they simply were not well run and belong in the same category as Cumulus. Sorry.


